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Old 06-17-2018, 06:35 AM
 
Location: Macon, Georgia
414 posts, read 163,239 times
Reputation: 262

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By applying tariffs on all three of the United States of America trading partners China, Europe, & NAFTA (Mexico and Canada) Trump has cause this strain to take place. Instantly and then some. Usually a sitting president applies tariffs to one of the three United States of America trading partners. Not this time around.
https://mobile.nytimes.com/2018/06/1...trade-war.html
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Old 06-17-2018, 06:41 AM
 
Location: Mishawaka, Indiana
6,116 posts, read 8,230,348 times
Reputation: 4511
What do you see coming from this? Inflation and ultimately a recession?
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Old 06-17-2018, 09:45 AM
 
Location: rural south west UK
2,808 posts, read 1,693,816 times
Reputation: 3227
good, I hate globalisation. bring back localism.
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Old 06-17-2018, 11:00 AM
 
Location: western East Roman Empire
6,064 posts, read 10,065,555 times
Reputation: 4783
Quote:
Global trade already shows signs of strain
Already?

Global trade and globalization in general have been shrinking, whether in relative or absolute terms, for the past decade. Where have you been?


Quote:
Originally Posted by ColdAilment View Post
What do you see coming from this? Inflation and ultimately a recession?
Many economies have not fully recovered from the shrinkage that started about 10 years ago.

But, yes, if the slowdown in the pace of globalization continues or even reverses, one consequence could be inflation in the price of manufactured goods, for example. Question is whether average incomes/productivity will rise at fast enough pace.

What is clear is that globalization was forced at too fast a pace, leaving too many imbalances in both the countries of early industrialization and in newly industrializing countries.

We suffer the consequences of that now.

Globalization, yes, but it should have been phased slowly in teaspoons over a 50 year period, not force fed gulps in 10 or 20.

Now we've all got indigestion and we're all sick of each other.

Bulimia?

Call it what you wish, but I expect the aftermath of the vomit, in whatever direction it projects, to last another 20 years, at least.

Good Luck!

Last edited by bale002; 06-17-2018 at 11:55 AM..
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Old 06-19-2018, 05:43 PM
 
6,041 posts, read 10,264,031 times
Reputation: 3042
Hypnotic allure of such extra precious commodities. Simultaneously yet having to reach well rounding specific attributes of business measuring expression. Particular protocols of professional understanding with this comprising system. Multinational vast peaceful natural getting along rather than rigid harsh overly limiting windows. Infinite political themes outside of that one. Even when significant enough, tariffs scandal is just through the roof news media sensationalism. Tons of major stories not entering this to overly domestic overestimate circle.

Very wonderfully official jigsaw puzzle:

https://howmuch.net/articles/largest...countries-2017



Completely erase past false stereotypes on holding powers. Ample plural equal alternatives at the opposite side of overly unique selfish stealing Narcissistic personality disorder.

Performing extremely well: Netherlands, Belgium, Germany, UK, France, Spain, Italy, Switzerland, Austria, UAE, South Korea, Japan, Taiwan, Singapore, China/Hong Kong, USA. Minimal above 15 countries. Count literally 67 Independent republics on the Map carefully. Wow, one of the best articles I have ever seen before. Especially with these visuals.

Majority samples of people agree with every data claim, except probably Russia not scoring relative to economic per capita surrounding reputation. Can anyone explain how Croatia, Latvia, Estonia, Azerbaijan, Cyprus, Ecuador, Uruguay, Panama, Gabon, Equatorial Guinea, Namibia, Botswana, Kenya, Ghana, Brunei, Mauritius, Seychelles, Maldives, Fiji aren’t exclusive in legitimate referrals?
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Old 06-20-2018, 06:26 PM
BMI
 
Location: Ontario
6,360 posts, read 3,658,339 times
Reputation: 4650
Quote:
Originally Posted by Thepastpresentandfuture View Post
Hypnotic allure of such extra precious commodities. Simultaneously yet having to reach well rounding specific attributes of business measuring expression. Particular protocols of professional understanding with this comprising system. Multinational vast peaceful natural getting along rather than rigid harsh overly limiting windows. Infinite political themes outside of that one. Even when significant enough, tariffs scandal is just through the roof news media sensationalism. Tons of major stories not entering this to overly domestic overestimate circle.

Very wonderfully official jigsaw puzzle:

https://howmuch.net/articles/largest...countries-2017



Completely erase past false stereotypes on holding powers. Ample plural equal alternatives at the opposite side of overly unique selfish stealing Narcissistic personality disorder.

Performing extremely well: Netherlands, Belgium, Germany, UK, France, Spain, Italy, Switzerland, Austria, UAE, South Korea, Japan, Taiwan, Singapore, China/Hong Kong, USA. Minimal above 15 countries. Count literally 67 Independent republics on the Map carefully. Wow, one of the best articles I have ever seen before. Especially with these visuals.

Majority samples of people agree with every data claim, except probably Russia not scoring relative to economic per capita surrounding reputation. Can anyone explain how Croatia, Latvia, Estonia, Azerbaijan, Cyprus, Ecuador, Uruguay, Panama, Gabon, Equatorial Guinea, Namibia, Botswana, Kenya, Ghana, Brunei, Mauritius, Seychelles, Maldives, Fiji aren’t exclusive in legitimate referrals?
Forgot to mention Canada....for example you say UK is peforming “extremely well” but
Canada is nipping at their heels with half UK’s population....but I agree Singapore and Hong Kong
punch above their weight. It would be interesting to factor in population, then China doesn’t look so goid
and even USA drops a few notches
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Old 06-21-2018, 09:38 AM
 
Location: New Albany, Indiana (Greater Louisville)
9,528 posts, read 20,328,221 times
Reputation: 9011
Free trade has made life better, not worse, for the vast majority of the world's population. Preventing myself from being able to buy Toyota cars, Belgian chocolate, or Argentina beef would make my life worse, not better. I buy the best product for the lowest price. When American companies make the best for the least price I buy American. If another nation makes something better I want to buy their product.
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Old 06-22-2018, 12:09 AM
 
1,202 posts, read 699,304 times
Reputation: 739
Quote:
Originally Posted by ColdAilment View Post
What do you see coming from this? Inflation and ultimately a recession?
Trump is pursuing an aggressive negotiation strategy, key to which is the public perception that the risks of a disastrous trade war or recession are greater than they actually are. The fly-by-the-seat-of-your-pants rhetoric is there for a good reason.

The media have, helpfully, complied in magnifying those risks, in their predictable partisan style.

What he is doing is high-stakes, but I get the impression many of his critics in economics and finance are discreetly resigned to the fact that Trump will probably win again, and not much of negative consequence will happen.

Blankfein, uncharacteristically, seems to be on board the Trump Train for this one.

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Old 06-22-2018, 02:29 AM
 
Location: Cebu, Philippines
2,001 posts, read 734,412 times
Reputation: 4053
Quote:
Originally Posted by bigpaul View Post
good, I hate globalisation. bring back localism.
How's the tea crop in rural south west uk?
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Old 07-06-2018, 04:33 AM
 
9 posts, read 3,318 times
Reputation: 20
Interesting thread.i feel what’s bad for the global economy is the trade war with China.it comes right as oil prices and interest rates are both rising globally.

Sohail roshni
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